{"id":12586,"date":"2021-04-23T10:39:05","date_gmt":"2021-04-23T10:39:05","guid":{"rendered":"https:\/\/www.ukrgate.com\/eng\/?p=12586"},"modified":"2021-04-23T10:39:05","modified_gmt":"2021-04-23T10:39:05","slug":"musk-offers-100-million-prize","status":"publish","type":"post","link":"https:\/\/www.ukrgate.com\/eng\/?p=12586","title":{"rendered":"Musk Offers $100 Million Prize"},"content":{"rendered":"<p>Billionaire Elon Musk has offered <a href=\"https:\/\/www.ukrgate.com\/eng\/technology\/creating-a-liquid-cooled-playstation-5\/\">inventors<\/a> $100 million in prize money to develop ways to combat global warming by removing carbon dioxide from the atmosphere or ocean.<\/p>\n<p>Kyiv. Ukraine. Ukraine Gate &#8211; April 23, 2021 \u2013 Entrepreneurs<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>In January, Musk announced his intention to offer $100 million in prizes and announced the rules of the competition on April 22. It will last four years until Earth Day 2025.<\/p>\n<p>&nbsp;<\/p>\n<p>Carbon projects have already received support from <a href=\"https:\/\/en.wikipedia.org\/wiki\/Silicon_Valley\">Silicon Valley<\/a> startups, government officials concerned about slow emission reductions, and sources of emissions, including oil companies seeking to offset their climate impacts.<\/p>\n<p>&nbsp;<\/p>\n<p>The technology is not yet commercially viable. Carbon removal can cost more than $ 300 per metric tonne in a world that emits greenhouse gases each year, the equivalent of about 50 billion tons of carbon dioxide.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cWe need to consider both cost and scalability. Will, there be enough carbon to make it matter, and can we afford it as a civilization? These are two important things,\u201d <a href=\"https:\/\/www.ukrgate.com\/eng\/entrepreneurs\/musk-and-arno-make-a-record-13-billion-each-in-a-week\/\">Musk<\/a> said.<\/p>\n<p>&nbsp;<\/p>\n<p>Carbon capture and storage have aroused increasing interest as global warming has melted glaciers, intensified tropical storms, and led to &#8220;flooding on a sunny day&#8221; in an increasing number of coastal areas. As countries work to reduce emissions, scientists say carbon removal technology will also be crucial to achieving zero emissions by 2050.<\/p>\n<p>&nbsp;<\/p>\n<p>US President Joe Biden has said the United States\u00a0intends to reduce carbon emissions by at least half by 2030 and achieve zero <a href=\"https:\/\/www.ukrgate.com\/eng\/ukrainian-cultur\/today-is-earth-hour-and-world-theater-day\/\">emissions<\/a> by the middle of the century. The US president has announced a climate summit for dozens of world leaders. The summit will take place over two days and will be attended by about 40 countries and organizations.<\/p>\n<p>&nbsp;<\/p>\n<p>Leading leaders include Japanese Prime Minister Yoshihide Suga, Chinese leader Xi Jinping and Russian President Vladimir Putin.<\/p>\n<p>Read also:\u00a0<a href=\"https:\/\/www.ukrgate.com\/eng\/entrepreneurs\/musk-and-arno-make-a-record-13-billion-each-in-a-week\/\">Musk and Arno Make a Record 13 Billion Each in a Week<\/a><\/p>\n<p><span style=\"font-size: 10pt\"><em>Source: Ukrgate<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Elon Musk has offered inventors $100 million in prize money to develop ways to combat global warming by removing carbon dioxide from the atmosphere or ocean. Kyiv. Ukraine. Ukraine Gate &#8211; April 23, 2021 \u2013 Entrepreneurs \u00a0 In January, Musk announced his intention to offer $100 million in prizes and announced the rules of [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":12588,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[179,3804,5942,4554,3204,2399],"class_list":["post-12586","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entrepreneurs","tag-business","tag-carbon-dioxide","tag-contests","tag-elon-musk","tag-prize","tag-ukraine-gate"],"_links":{"self":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/12586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12586"}],"version-history":[{"count":0,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/12586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/media\/12588"}],"wp:attachment":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}